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Nov 1, 2012
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technology really leading this market rally today. let's get to it seema mody with that angle. >> kicking off november on a strong note. october, not the best month for tech stocks, losing roughly 7%. let's check out some of today's big movers. research in motion outperforming its peers. the street getting excited about its blackberry 10 device, which looks like it's on track to launch first kwquarter of 2013. bill, back to you. >> all right, seema. thank you very much. shares of target have been down about a percent today after the mass merchant posted disappointing seams figures. meanwhile, many high-end retailers are up, including sachs, which is trading more than 2% higher today despite a huge presence in the new york area. which is a better buy right now? let's talk numbers on that. on technical side, it's richard ross. on the fundamental side, patty edwards with true tina financial in seattle. patty, what do you think? do you expect hurricane sandy to have a material impact on a saks or target? >> i absolutely think it's going t
technology really leading this market rally today. let's get to it seema mody with that angle. >> kicking off november on a strong note. october, not the best month for tech stocks, losing roughly 7%. let's check out some of today's big movers. research in motion outperforming its peers. the street getting excited about its blackberry 10 device, which looks like it's on track to launch first kwquarter of 2013. bill, back to you. >> all right, seema. thank you very much. shares of...
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why do you like technology right now? >> not just in the consumer, not in the mobile phones, but technology is one of those trends that affects every industry. it affects healthcare. it affects energy. energy we saw the new natural gas fracking that's bringing enormous supplies to the market. we could be energy independent because of the technology applied to energy. liz: yet you don't like energy, you say avoid energy. >> who is the biggest beneficiary of this new supply is really the consumers, and the businesses have low cost gas, natural gas has plummeted in price, so that actually hurts in an ironic way the producers of energy, benefits the consumers of energy. liz: that's why we have doug here to kind of help our brains go through the scenario of why energy and technology are on opposite ends at least for his preference. closing bell ringing in 50 minutes. is it time to cut the cord to your traditional cable box? i know some of you have already done that. but there are those of you who are sitting on the fence or th
why do you like technology right now? >> not just in the consumer, not in the mobile phones, but technology is one of those trends that affects every industry. it affects healthcare. it affects energy. energy we saw the new natural gas fracking that's bringing enormous supplies to the market. we could be energy independent because of the technology applied to energy. liz: yet you don't like energy, you say avoid energy. >> who is the biggest beneficiary of this new supply is really...
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Oct 29, 2012
10/12
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off on this, and why was -- why were people not comfortable with the technology? was it on the broker's end? new york stock exchange end? but that is clearly an issue. the markets should be open. this is absurd. it is raining, and the market is closed? i just met greg smith by the way -- liz: he created his own hurricane when he left goldman sachs. >> i like greg. i think you know what? he's an honest guy. he deserves his say. liz: everybody does; right? >> well, not everybody. liz: stick around for it. greg smith, he authored this book, and of course he was at one of wall street's most well known firms, quite the fare well letter, an op-ed in the "wall street journal" about the evil culture quote of goldman sachs. now he's got the book. i have read it. i need to ask him what turned him against goldman when the first half of the book is pretty much a love letter. coming up after the break, greg smith is coming in, he is the former goldman sachs executive director and author of "why i left goldman sachs" with me live in studio. liz: all right. we want to take quick
off on this, and why was -- why were people not comfortable with the technology? was it on the broker's end? new york stock exchange end? but that is clearly an issue. the markets should be open. this is absurd. it is raining, and the market is closed? i just met greg smith by the way -- liz: he created his own hurricane when he left goldman sachs. >> i like greg. i think you know what? he's an honest guy. he deserves his say. liz: everybody does; right? >> well, not everybody. liz:...
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Nov 1, 2012
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when you start to see those bull market sectors, not to mention technology sell off, i think you just want to become a little bit more cautious. not bearish. defensive, cautious. >> yeah, you say portfolio managers are doing window dressing right now, jeff. >> they are. you can see some of it. i think it's absolutely refle reflective of what abigail just said. there's a tendency to get away from the cyclical stuff, to go towards the defensive stocks. i'm watching the vix levels here. i think there's a lot of complacency in the market, which is very dangerous. we've seen the market get to this low end. it's almost always been resulted in bad things, sell off time. again, we have all these risks coming up that i think are going to make investing a very difficult road. i would watch the volume levels. i think you're going to see people heading for the exits. >> all right. we'll leave it there. thank you very much. we appreciate it. >>> sandy shutting down businesses throughout the northeast. how is that impacting the restaurant industry supply chain? howard schultz will be joining me nex
when you start to see those bull market sectors, not to mention technology sell off, i think you just want to become a little bit more cautious. not bearish. defensive, cautious. >> yeah, you say portfolio managers are doing window dressing right now, jeff. >> they are. you can see some of it. i think it's absolutely refle reflective of what abigail just said. there's a tendency to get away from the cyclical stuff, to go towards the defensive stocks. i'm watching the vix levels...